News

30-year mortgage rate hits record low — again

The average mortgage rate on America’s most popular home loan has hit another record-setting low. The rate on the 30-year mortgage fell to 2.88 percent, the lowest rate in 50 years, Bloomberg reported, citing Freddie Mac. Rates have dropped eight times during the...

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South Florida resi contracts continued to rise in July

New signed residential contracts and new condo inventory in South Florida rose in July, according to a monthly report from Douglas Elliman. But while the volume of new signed contracts exceeded recent pre-pandemic levels, new listings of single-family homes continued...

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With online buys, Doral warehousing in prime position

It may be too early to know exactly what effect the pandemic will have on commercial real estate in Doral, but experts say one segment may emerge particularly strong: the industrial market. With consumers buying online now more than ever, a trend only accelerated by...

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